constitute long-term appreciation expectations on yuan and yen, which have made China and Japan vulnerable to U.S. interest rate … cuts and appreciation expectation shocks. For both China and Japan - at different points of time - self-fulfilling runs …, speculative bubbles and post-bubble secular stagnation. To prevent a similar scenario for China capital controls, a tighter …

innovative capacities of industrial firms in the People's Republic of China. Using a large dataset of industrial firms in 31 … provinces in the People's Republic of China, we find that credit market development enhances firms' product innovation …

This paper studies monetary policy transmission in China's peer-to-peer lending market. Using spectral measures of … causality, we explore the impacts of Chinese monetary policy shocks on China's P2P market interest rates and lending amounts …

We jointly estimate credit and fiscal multipliers in China. We use the tenure of the provincial party secretary … from 0.17 to zero over the same periods. Our results suggest that reducing credit growth in China is unlikely to disrupt …